Thank you for sharing!

Your article was successfully shared with the contacts you provided.

KBS and Prime US REIT have partnered on yet another office purchase. KBS assisted Prime US REIT, which trades on the Singapore Exchange, in the purchase of Sorrento Towers in San Diego for $146 million. Shorenstein Properties sold the office building to Prime, and KBS sourced the deal and will serve as the US based asset manager on behalf of Prime.

Sorrento Towers is a 296,327 square-foot class-A office complex in the Sorrento Mesa, a technology and life science hub in San Diego. It has a LEED Gold certification, and at the time of the purchase, the property was 98.2% occupied. It is also near the University of San Diego and other major life science and technology hubs that are attracting companies like Google, Apple and Qualcomm. With increasing demand for life science properties, KBS expects the property to perform well for the foreseeable future.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

More from this author



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.